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1 pts Interest Rate Risk is one of the types of risks an investor is faced with when investing in bonds. True False Question 38

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1 pts Interest Rate Risk is one of the types of risks an investor is faced with when investing in bonds. True False Question 38 2 pts You will retire in 22 years and can afford to put away 12 % of your salary each year. You make payments at the end of each year, including year 22 30. If your salary over the coming year is $165,874 but you expect it to grow at 2 % per year, and you assume a 7 % return (annually) on your 401K, how big will your "nest egg" be at retirement? (Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234. Please DO NOT do any intermediate rounding and only round the final answer.)

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